Donald's presentation was delightfully entertaining, engaging, and motivating. . . the evening was filled with laughter and enjoyment. As a direct result of a very satisfied audience, four members of the audience stepped up to volunteer their time and skills to the Dallas Section ASQ. Thank you, Donald!

All business ventures involve some element of risk—the uncertain outcome of meeting your business objectives. Risks are constraints on actions that must be evaluated in order to plan and act effectively. The idea is to reduce, manage and anticipate risk as much as possible. You cannot base a business on the avoidance of risk, but you can develop a system that allows you to work around risks and even take advantage of them.

ANTICIPATE RISK

Many risks are unknown but it is possible and desirable to determine the effects of those risks ahead of time, and develop an effective strategy to deal with those effects through Scenario and Contingency Planning.

Scenario Planning is a way to investigate and prepare for several alternative futures. Contingency Planning addresses how abrupt changes or disruptions might affect an organization and looks at strategies to respond. For more information:

All kinds of bad things can happen to a business—computer breakdowns, employee defections, government interference, and market slowdowns—to name just a few. Risk Management is an organized effort to identify, assess, and strategize to eliminate, mitigate, and anticipate risks. Our goal is to help you determine how much uncertainty you are willing to accept and to develop a strategy for dealing with that uncertainty.

We identify the sources of risk (like a change in customer requirements), the potential risk events (like a loss from a major storm), and risk symptoms (like low morale that could trigger employee defections). We then assess each risk to determine opportunities to pursue and threats to accept or ignore. In this process we review your stakeholder risk tolerance, cost estimates, and activity duration estimates.

The outcome for you is a Risk Management Plan that gives you clear directions for avoiding, mitigating, or accepting risk. The plan also gives you direction in determining opportunities worth exploring. For more information see:

Do you have the sense that your organization is wasting money? Is it difficult to reach positive cash flow? Do you have a plan for building your net worth with the profits you make? A good financial plan can help with these problems and more. Most importantly, a financial plan can create a stable future and help you sleep better at night. Let us help you and show you the power of a winning financial plan. For more information see